Australian billionaire James Packer plans to sell his 25 per cent stake in pay TV operator Foxtel, worth about $1 billion, to fund a takeover of casino group Echo Entertainment to form a $10 billion gaming giant, according to Australian newspaper reports. Packer has appointed UBS joint global head of investment banking, Matthew Grounds, to […]
Alongside its quarter results, BSkyB has announced the acquisition of Acetrax – a service that offers on-demand movie rental and purchase for connected devices. The purchase of Swiss company Acetrax will further boost Sky’s OTT activities and further strengthen relationships with connected device manufacturers and content providers, says BSkyB. Acetrax already has apps on Samsung, […]
Communications and information technology company Harris Corporation is to divest its Broadcast Communications business. Confirmation of the decision came as the company announced its third quarter results. William M Brown, president and chief executive officer, said the decision to divest Broadcast Communications resulted from a thorough review of the company’s business portfolio, which determined that […]
Synacor, the technology platform enabling cable, satellite, telecom and consumer electronics companies to deliver digital entertainment, has acquired Carbyn, the HTML5 Platform that delivers a unified experience for apps across Net-connected devices including smartphones, tablets, laptops, and connected TVs. Through this acquisition, Synacor will be able to offer customers a branded platform where their subscribers […]
Allot Communications, a provider of service optimisation and revenue generation solutions for fixed and mobile data networks worldwide, is to acquire Ortiva Wireless, which offers solutions for proactive management of mobile video. This transaction will enable Allot to further enhance its Allot Service Gateway by integrating a leading-edge mobile video optimisation solution into a single […]
One of the founding shareholders of Hulu, Providence Equity Partners, is reportedly selling its stake. Providence put about $100 million in to Hulu five years ago, joining NBCUniversal and News Corp in the joint venture. The private equity firm expects to double its money, selling its 10 per cent stake for $200 million, which would […]
Under the proposed restructuring plan of MTV Italia, Telecom Italia Media will this year sell its shares in non-core assets to partner Viacom, including the Italian versions of the Nickelodeon and Comedy Central channels, as well as the MTV satellite music channels on DTH platform Sky Italia. The news was announced by the CEO of […]
German cable company PrimaCom, which was taken over by its lenders in 2011 after its parent’s insolvency, is being put up for sale as German regulators pave the way for consolidation among smaller network operators, reports Bloomberg. Investment bank Jefferies Group Inc has been hired to prepare the search for a buyer, said Bloomberg sources. […]
Affinegy, a proven global supplier of service enablement and network management software solutions for the home, has acquired Sagemcom’s TR-069 ACS Solutions business. The financial terms of the deal were not disclosed. With the transaction, Affinegy has: – Grown its team by 40 per cent and added two new locations – an engineering and business […]
Cinedigm Digital Cinema, the global specialist in digital cinema, has agreed to acquire leading entertainment distributor New Video Group, a digital aggregator of independent content and leading distributor of quality entertainment. Cinedigm’s acquisition of New Video will create a new full service end-to-end digital releasing studio, enabling the Company to acquire and distribute independent films […]